Accept Bitcoin

ScalabilityThe core Bitcoin network can scale to much higher transaction rates than are seen today, assuming that nodes in the network are primarily running on high end servers rather than desktops. Bitcoin was designed to support lightweight clients that only process small parts of the block chain (see simplified payment verification below for more details on this). A configuration in which the vast majority of users sync lightweight clients to more powerful backbone nodes is capable of scaling to millions of users and tens of thousands of transactions per second. Scalability targets VISA handles on average around 2,000 transactions per second (tps), so call it a daily peak rate of 4,000 tps. PayPal, in contrast, handles around 4 million transactions per day for an average of 46 tps or a probably peak rate of 100 tps. Let's take 4,000 tps as starting goal. Current bottlenecks Today the Bitcoin network is restricted to a sustained rate of 7 tps by some artificial limits. The protocol has two parts.

bitcoinCodes - XBox Live, PSN, Nintendo, WoW, Eve Online, iTunes, gift cards, VPN for bitcoinsHow to Accept Bitcoin - Getting StartedThere are multiple ways to accept Bitcoin payments with Coinbase: Adding bitcoin payments to your website only requires basic HTML editing abilities. If you have access to your website's HTML code, then you can receive Bitcoin payments with Coinbase. These options can also be used for donations of variable amounts. Payment Buttons The simplest way to add bitcoin payments to your site. Create a payment button More detail · API Payment pages Payment pages are very similar to buttons, but instead of opening an overlay on your website, the user is directed to a special payment page hosted by Coinbase. Create a payment page More detail · API Payment iFrames Payment iFrames embed the payment process directly into your web page — no need for a popup or page redirect. Create a payment iFrame More detail · API Plugins can be installed in popular shopping cart services to enable bitcoin payments. We support plugins for many popular shopping cart systems: Install a plugin Here's how it works:

P2sh_safe_addressThis paper describes a mechanism for using Bitcoin’s P2SH functionality to build a stronger, more secure web wallet. Background Bitcoin addresses (where your bitcoins are stored) are secured today using public key cryptography and the Elliptic Curve Digital Signature Algorithm (ECDSA). Client-side wallets The advantage of a client side wallet is that your bitcoin keys are entirely your own. Web Wallets Web Wallets have the advantage that they are accessible through the web, from anywhere. But the disadvantages are obvious. Pay To Script Hash (a.k.a. P2SH is a new type of bitcoin address which was introduced as part of Bitcoin Improvement Proposal 16 (BIP 16) in early 2012. Unlike traditional bitcoin addresses, which are secured with a single ECDSA key, 2-of-3 addresses are secured with three ECDSA keys. Using a 2-of-3 address offers several advantages: A Proposal for a 2-of-3 Address Web Wallet Implementation 2-of-3 Address Creation The server will then create a 3rd key. Maintaining Privacy

Bitcoin Virtual Cash Gets Money-Laundering RuleLife on Bitcoin | Can a newly married couple survive on a cryptocurrency?BitInstant - Providing instant transfers for the bitcoin economy - HomepagexCoinMoney online wallet for Dollars, Bitcoin and LitecoinCoinbase's Fred Ehrsam Drops Knowledge on Paul Krugman'Virtual' Currencies Draw State ScrutinyBy ROBIN SIDEL and ANDREW R. JOHNSON State banking regulators are scrutinizing companies that let people buy and sell virtual currencies such as bitcoin, and some are looking at requiring costly licenses, according to people familiar with the efforts. It is the latest sign that the freewheeling world of virtual currencies is about to get less free. George Frey/Getty Images Bitcoin enthusiasts say the currency derives its value from its limited supply and the support of the people using it. "Virtual" currencies can be used just like dollars among people who agree to accept them. In the past three months, the Treasury Department, prosecutors and now state regulators have taken aim at virtual-currency exchanges, telling them they must follow traditional rules aimed at thwarting money-laundering. Companies using virtual currencies said they welcome the regulatory push because it helps legitimize the practice and build trust with users and investors. "This is definitely on our radar. Mt. Mr.